Recruiting is key to growth in tax field
Sep 23 2009 by Peter McCusker, The Journal
BUSINESS advisory firm Deloitte in Newcastle has appointed Andrew Coticelli as its new director in corporate tax as it continues its rapid growth in that field.
This appointment means staff numbers in the tax department have risen from 14 to 35 over the last three years with revenues tripling in the same period from £1.25m to £3.5m.
Despite opting to close its Newcastle corporate finance operation earlier this year the practice it still producing a strong performance witnessed by its recruitment of 16 graduates in this September’s intake.
The Newcastle practice’s fees income for 12 months to May this year are expected to come in at around the previous year’s figure of £24m.
The appointment of Mr Coticelli follows on from the recognition of the talents of the firm’s most recently appointed tax partner Stephen Hall.
Mr Coticelli, who is relocating from the Leeds office, said: “I am really excited about the role. It is a great opportunity to work with existing clients, but also to help further grow the business.
“There are some very significant corporate groups in the region which I am keen to demonstrate my skills with.”
Stuart Cottee, partner and head of tax at Deloitte in the North East said: “We’re confident that Andrew’s skill-set as well as his commitment to the firm and his clients will ensure he is a great asset to the Newcastle team.”
Promoted to tax partner with Deloitte in Newcastle in June 2008, Stephen Hall was crowned tax advisor of the year at this year’s North East Accountancy Awards.
Stephen’s portfolio includes advisory services for Bannatyne Fitness, Wellstream, Merit Holdings and Southern Cross Healthcare.
Paul Williamson, senior partner at Deloitte in Newcastle, said: “Stephen is a key driver of the Newcastle tax practice, both in terms of his areas of specialism and his style with people and clients.
“I have learnt a great deal from him in terms of the services that Deloitte can provide, particularly for the management of our clients.”
David Bradshaw with the Chartered Institute of Taxation, said: “Stephen is a quintessential tax advisor who is hugely technically competent.”
Mr Hall said: “This award recognises the hard work and dedication the tax team has demonstrated through what can only be described as difficult economic times for any organisation. Without their commitment and drive, this award would not be achievable. “
